To answer your question, if the home goes back to the bank because they are the only bidder you will contacted via a knock on the door by a representative (usually the listing agent for the bank) with the bank outlining all your options. A relocation fee is often offered so that you depart peacefully meaning without damage. When a relocation fee is offered they usually offer a 30 day move-out relocation fee and a 60 day move-out relocation fee. If a buyer buys the property at the auction then your days are limited and there will likely be no relocation fee offered.
It is not too late to save your home from foreclosure and process a short sale. Feel free to call me to discuss.
Associate Broker with Keller Williams Realty Atlanta Partners
CDPE, Certified Distressed Property Expert
Short Sale Specialist
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
Georgia is also a 'recourse' state, meaning the bank can potentially sue the former homeowner for any losses they incur on the property.
If you are a renter (as opposed to an owner) your rights would be different.
For your specific situation it's important that you contact an attorney BEFORE the foreclosure occurs. If you are a renter, contact your local legal aid of tenants association.
This information is provided as a guideline of the law and shouldn't be considered to be legal advice as I am not an attorney.